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Chinese Digital Yuan CBDC Used For First Time To Settle Cross-Border Oil Deal

10-26-2023 • Zero Hedge

The digital yuan has been used for the first time to settle an oil transaction, the Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced. PetroChina International bought 1 million barrels of crude on Oct. 19.

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Chinese Digital Yuan CBDC Used For First Time To Settle Cross-Border Oil Deal

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